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Practice Management

: More Partner Income

Cash Flow An Important Metric For Law Firms

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No matter how much you work, until you convert it to cash it is worthless.  The average days in the law firm cash flow cycle (from worked to collected) is 169 (source:  2007 Law Firm Economic Survey from LexisNexis).  Shortening your cash flow cycle has a positive impact to liquidity and thus ...

Full post as published by More Partner Income on April 21, 2008 (boomark / email).

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